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Financial News: Japan Services PMI Falls To 52.8 In September

Japan Services PMI Falls To 52.8 In September - Jibun

10/02/2019 - 21:00:00 (RTTNews)

(RTTNews) - The services sector in Japan continued to expand in September, albeit at a slower rate, the latest survey from Jibun Bank revealed on Friday with a PMI score of 52.8.

That's down from the 22-month high of 53.3 in August, although it remains well above the boom-or-bust line of 50 that separates expansion from contraction.

Individually, output was up solidly in September, although new orders grew at a pace below trend for 2019. Selling charges increased only fractionally.

The survey also showed that the composite index came in at 51.5, down from 51.9 in August.

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